Editor’s Note: In last week’s “Crypto & Stock Trends” article, we mentioned that “the stock market’s focus remains on AI-related industries such as optics, storage, and materials,” and corresponding individual stocks and leveraged ETFs have risen accordingly. Additionally, the “Trump quantum computing” sector we previously highlighted has once again drawn significant attention and long-term planning from the U.S. government, leading to another rally for IBM.
But as anticipated by the renowned investment research firm Citrini, U.S. equities may be entering a significant correction phase, with Asian markets following suit today: South Korea’s KOSPI closed nearly 10% lower, while Japan’s Nikkei 225 ended down 3.55%. Meanwhile, the surge in demand driven by the AI boom is facing scrutiny—total market value of leveraged ETFs tied to SK Hynix and Samsung Electronics has risen to around 10 trillion Korean won, prompting regulators to consider measures to mitigate the risks of retail investors chasing elevated prices.
After reaching a new high, SpaceX's stock dropped over 16% in a single day and has now fallen below its opening price of $150. It may continue to face pressure until Musk reveals more, but potential upward movement remains due to upcoming index inclusion and limited unlock events.
Regarding the cryptocurrency-related stocks sector, financial companies such as Strategy, Bitmine, and Sharplink continue to raise funds and increase their holdings, but a significant upward reversal before Q4 may be challenging. The next steps in U.S.-Iran negotiations and the Federal Reserve’s upcoming moves remain key market focus areas. Micron’s earnings report on Wednesday may determine the duration of any short-term market correction. Recommended reading: “Micron Earnings This Wednesday: Reduce Exposure and Wait for Low-Cost Opportunities in the Storage Sector.”
In summary, major markets such as the U.S. stock market, Japanese and Korean markets, Taiwan’s stock market, Hong Kong’s stock market, and A-shares remain heavily reliant on speculative sentiment driven by the AI hype. Until OpenAI and Anthropic initiate their IPO pushes, these markets will continue to experience sustained upward momentum fueled by emotional and news-driven speculation amid high volatility.
For more information on the coin stock market, visit MSX.COM. (Odaily Planet Daily Note: The content of this article does not constitute investment advice and is for learning and discussion purposes only.)
European and U.S. stock index futures are trading lower, while Asian markets in Japan and South Korea are pulling back.
U.S. stock futures plummet, with major tech stocks leading the decline again
U.S. futures fell on Tuesday as selling in large technology stocks spilled over to Asian AI-related stocks, while investors awaited further developments in U.S.-Iran negotiations.
On Tuesday, Asian tech stocks suffered a sharp decline, ending an eight-day winning streak, as markets in Japan and South Korea collectively pulled back, with South Korean equities plunging nearly 10%. Major mega-cap tech stocks are currently exhibiting synchronized movements, with Alphabet underperforming and SpaceX declining amid fading IPO enthusiasm. Market sentiment is gradually spreading to other leading tech stocks, prompting a renewed caution toward the broader tech sector. This shift stands in stark contrast to last year, when nearly all AI-related companies were viewed as “gold mines,” and any firm mentioning AI was met with enthusiastic market demand. Now, the market is entering a phase of “show me the results,” where investors demand that massive investments in AI infrastructure deliver tangible returns.
This is particularly evident in companies like SpaceX, which have negative cash flow yet raised $75 billion through their IPO. This shift keeps market sentiment on edge, and this week’s focus will turn to Micron Technology’s earnings call. “Many investors hold AI-related stocks that have generated substantial gains, and any volatility could prompt them to sell and lock in profits,”
Jian Shi Cortesi, portfolio manager at Gam Investment Management, said, “Currently, technology stocks are particularly sensitive to interest rate outlooks and potential rate hikes by the Federal Reserve.”
Morgan Stanley: Liquidity tightening is the primary threat facing U.S. equities
Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist at Morgan Stanley, said that liquidity, not rate hikes, is the primary risk facing U.S. equities recently. He noted that the scale of reserve management programs has declined by approximately 75% from its peak, and the volume of Treasury repurchase agreements has been reduced by 50%. Wilson expects U.S. stock markets to remain volatile in July, with a potential pullback, and anticipates that the next leg of the earnings-driven bull market will be delayed until liquidity headwinds are resolved.
Weekly updates on cryptocurrency and stock-listed companies
Representative companies with BTC treasury holdings
Strategy sharply reduced its position, holding only 520 coins, demonstrating restraint, while Strive increased its position逆势.
According to SoSoValue data, as of 8:00 AM Eastern Time on June 22, 2026, the total net weekly purchase of Bitcoin by global public companies (excluding mining companies) was $86.03 million, a decrease of 13.97% compared to the previous week.
Strategy (formerly MicroStrategy) spent approximately $34.9 million last week to purchase 520 bitcoins at a price of $67,068 each, increasing its total holdings to 847,363 bitcoins.
The Japanese publicly traded company Metaplanet did not purchase Bitcoin last week, marking nine consecutive weeks without a purchase.
In addition, four other companies purchased Bitcoin last week. Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to purchase 95 Bitcoin at an undisclosed price, bringing its total holdings to 2,899 BTC; Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to purchase 18 Bitcoin at $64,121 each, increasing its total holdings to 3,822 BTC; asset management firm Strive announced between June 15 and June 21 that it spent $49.98 million to purchase 759 Bitcoin at $65,850 each, bringing its total holdings to 19,864 BTC.
As of the time of this report, globally listed companies (excluding mining companies) collectively hold 1,142,276 BTC, representing a 1.87% increase from last week, with a current market value of approximately $74.17 billion, or 5.7% of Bitcoin’s circulating market cap.
Mara Holdings increased its holdings by 1,000 BTC, bringing its total to 36,303 BTC.
According to BitcoinTreasuries.NET, publicly traded company Mara Holdings increased its BTC holdings by 1,000 BTC last week, bringing its total holding to 36,303 BTC.
Capital B shareholders approve over $120 billion financing plan to increase Bitcoin reserve expansion
The shareholders of Bitcoin Treasury Company have approved a major financing plan under which the company can raise up to approximately $5.76 billion through the issuance of new shares and refinance up to approximately $115.2 billion through debt instruments to further increase its Bitcoin holdings. This plan means Capital B will simultaneously rely on equity and debt instruments to expand its exposure to crypto assets, potentially further aligning its capital structure with the price of BTC.
At the current price, this funding round could theoretically support the purchase of over 1.87 million BTC, indicating a potential continuation of its "Bitcoin treasury" asset allocation strategy.
BitFuFu announces a share repurchase program of up to $5 million
Nasdaq-listed Bitcoin mining company BitFuFu (NASDAQ: FUFU) announced that its board of directors has approved a share repurchase program of up to $5 million. Under the program, the company may repurchase its Class A common shares over a two-year period beginning June 24, 2026.
Leo Lu, Chairman and CEO of BitFuFu, stated that this buyback plan reflects the company’s strong confidence in long-term shareholder value, prudent capital allocation, and sustained strategic growth. The company will continue to advance its global infrastructure deployment and computing power expansion strategy, further increasing its computing capacity.
Representative companies with ETH treasury holdings
BitMine: Purchased a total of 52,203 ETH over the past week, valued at $92 million.
As of June 21, 2026, BitMine’s total holdings of cryptocurrency assets, cash, marketable securities, and “Moonshots” investments amounted to $10.7 billion. The cryptocurrency holdings include 5,672,956 ETH and 205 bitcoins.
In addition, Bitmine has currently staked 4,718,677 ETH, accounting for 4.7% of the total ETH supply, making it the largest corporate ETH treasury globally. Over the past week, Bitmine purchased a total of 52,203 ETH, valued at $92 million.
Sharplink completes a $75 million private placement to expand its ETH reserves and repurchase shares
Sharplink has announced that it has entered into a securities purchase agreement to sell 10,013,400 shares of common stock and accompanying warrants for 10,013,400 shares of common stock, raising approximately $75 million. The proceeds will be used for working capital, continued accumulation of ETH assets, and repurchasing company shares under its stock repurchase program. As of June 16, Sharplink held a total of 875,776 ETH.
Representative companies in the SOL treasury fund
The top five holdings in the public company Solana's treasury exceed 15.7 million SOL.
Several publicly traded companies have added Solana to their balance sheets alongside Bitcoin and Ethereum. Based on currently disclosed holdings, the top five Solana treasury companies collectively hold over 15.7 million SOL.
Forward Industries holds 7,044,079 SOL, ranking first; Upexi holds 2,361,931 SOL, ranking second; DeFi Development Corp. holds 2,294,576 SOL, ranking third. Solana Company holds 2,071,127 SOL, and SkyAI discloses approximately 2,000,000 SOL on its balance sheet, ranking fourth and fifth respectively.
Forward Industries has staked all of its SOL holdings and previously disclosed approximately $46 million in staking income for the fourth quarter. DeFi Development Corp. established a $5 billion equity credit facility in June 2026 for strategic purchases of Solana; Solana Company was renamed from medical device company Helius Technologies; SkyAI was renamed from Sharps Technology.
Solana treasury company Solmate's largest external shareholder sues the board
Solana digital asset treasury company Solmate Infrastructure (SLMT)'s largest external shareholder, RBCH, has sued the company’s current executives and directors in the New York State Supreme Court, alleging breaches of fiduciary duty, misleading statements, and self-dealing.
RBCH is associated with Viktor Fischer, founder and CEO of RockawayX, who currently holds approximately 22.74% of Brera Holdings, the parent company of Solmate. The institution led Solmate’s $300 million PIPE financing in September 2025 and committed $50 million.
The lawsuit alleges that the Solmate board engaged in multiple actions detrimental to shareholders, including selling shares while other investors were still subject to lock-up periods, entering into advisory agreements favoring board-affiliated parties, and directors Ron Sade and Keren Maimon personally purchasing approximately 2.298 million Class B shares at $4.97 per share, resulting in approximately 20% shareholder dilution. The plaintiffs claim the transaction涉嫌违法.
Fischer stated that Solmate has performed extremely poorly, currently trading at a discount of approximately 50% to its net asset value, due to poor company management and board self-dealing. Solmate currently holds approximately 2 million SOL on its balance sheet, and its stock price has declined by about 78% year-to-date, making it one of the worst-performing SOL DATs. In comparison, SOL has declined by approximately 50% over the same period.
Representative enterprises of altcoin treasury public companies
Canton Strategic launches a $50 million stock repurchase program
Nasdaq-listed Canton Strategic, the financial arm of Canton Coin, announced that its board has approved a $50 million stock repurchase program. The repurchases will be conducted through open market or other compliant methods in accordance with U.S. securities laws; however, the timing, amount, and manner of repurchases will be adjusted or terminated based on market conditions, stock performance, trading volume, and regulatory environment, with no minimum or fixed repurchase quantity guaranteed.
Lite Strategy, the Litecoin treasury company, led a $1 million strategic investment in LitVM.
Nasdaq-listed Litecoin treasury company Lite Strategy has announced leading a $1 million strategic investment in LitVM, along with governance participation rights and potential future token subscription opportunities. LitVM is a zero-knowledge Layer2 scaling network built on Litecoin, and the new funding will support its introduction of smart contract capabilities and a programmable application layer to Litecoin following its mainnet launch.